What Does it Take to Be a Securities and Commodities Trader?
Occupation Description Buy and sell securities and commodities to transfer debt, capital, or risk. Establish and negotiate unit prices and terms of sale.
Securities & Commodities Trader Responsibilities
- Process paperwork for special orders, including margin or option purchases.
- Report deficiencies in account payments, securities deliveries, or documentation requirements to avoid rule violations.
- Make bids or offers to buy or sell securities.
- Identify opportunities or develop channels for purchase or sale of securities or commodities.
- Report all positions or trading results.
- Inform other traders, managers, or customers of market conditions, including volume, price, competition, or dynamics.
Qualities of a Securities & Commodities Trader
Below is a list of the skills most Securities and Commodities Traders say are important on the job.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Speaking: Talking to others to convey information effectively.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Mathematics: Using mathematics to solve problems.
Other Securities & Commodities Trader Job Titles
- Hedge Fund Trader
- Block Trader
- Hybrid Derivatives Trader
- Day Trader
- Securities Trader
Job Opportunities for Securities and Commodities Traders
There were about 375,700 jobs for Securities and Commodities Trader in 2016 (in the United States). New jobs are being produced at a rate of 6.2% which is above the national average. The Bureau of Labor Statistics predicts 23,200 new jobs for Securities and Commodities Trader by 2026. The BLS estimates 38,000 yearly job openings in this field.
The states with the most job growth for Securities & Commodities Trader are Arizona, Utah, and Iowa. Watch out if you plan on working in Massachusetts, New Jersey, or Maine. These states have the worst job growth for this type of profession.
Securities & Commodities Trader Average Salary
The average yearly salary of a Securities & Commodities Trader ranges between $34,360 and $208,000.
Securities and Commodities Traders who work in New York, South Dakota, or Connecticut, make the highest salaries.
How much do Securities and Commodities Traders make in different U.S. states?
|State||Annual Mean Salary|
|District of Columbia||$103,380|
Tools & Technologies Used by Securities and Commodities Traders
Below is a list of the types of tools and technologies that Securities and Commodities Traders may use on a daily basis:
- Microsoft Excel
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Web browser software
- Microsoft Access
- The MathWorks MATLAB
- Microsoft Visual Basic
- Customer information control system CICS
- Bloomberg Professional
Becoming a Securities & Commodities Trader
What education is needed to be a Securities and Commodities Trader?
What work experience do I need to become a Securities & Commodities Trader?
Where do Securities and Commodities Traders Work?
The table below shows some of the most common industries where those employed in this career field work.
Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic
More about our data sources and methodologies.
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